Solved

When Using the Indirect Method, How Is the Receipt of Cash

Question 20

Multiple Choice

When using the indirect method, how is the receipt of cash from the sale of long-term investments treated on the statement of cash flows?


A) Operating activity
B) Investing activity
C) Financing activity
D) Noncash investing or financing activity

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions